Increasing aircrafts deliveries to fuel the growth of Aircraft Radome Market


Aircraft Radome Market

The global  Aircraft Radome Market is estimated to be valued at US$ 640.7 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Radome is a structural, weatherproof enclosure that protects a radar system or antenna and is transparent to electromagnetic waves. Radomes allow radar systems and antennas to function effectively while protecting them from harsh environmental conditions. In aircrafts, radomes provide structural integrity, aircraft aerodynamic compatibility and protection from heat, wind, and other extreme weather conditions of flight. They are made from advanced composite materials like fiberglass, graphite-epoxy, and thermoplastics. Aircraft radomes have applications in both military as well as commercial aircrafts across a wide range of aircraft platforms.

Market key trends:
One of the major trends in the b is the growing demand for lightweight radomes. Aircraft manufacturers are under constant pressure to reduce weight and increase fuel efficiency. This is driving the demand for advanced lightweight composite materials for radome construction. Materials like graphite-epoxy composites and thermoplastics are gaining popularity as they offer significant weight reduction over traditional materials. Another key trend is the development of 3D printed radomes. 3D printing allows for complex radome geometries that traditional manufacturing cannot achieve, unlocking performance improvements. It also offers design flexibility and potential for lightweight construction. Going forward, the military aviation sector will be a major driver of radome demand, especially with rising global defense budgets.
Porter’s Analysis
Threat of new entrants: The Global aircraft radome market requires high R&D investment and capabilities. New entrants will face high entry barriers.
Bargaining power of buyers: The buyers in the market include aircraft manufacturers and military forces. Their bargaining power is moderate as they source radomes from limited specialized manufacturers.
Bargaining power of suppliers: The suppliers include composite material providers and technology solution developers. Their bargaining power is moderate due to the specialized nature of supplies.
Threat of new substitutes: There are no cost-effective substitutes for radomes currently. Alternative technologies are still in development phases.
Competitive rivalry: The market is moderately competitive with the presence of global specialized manufacturers.

Key Takeaways
The global Aircraft Radome Market is expected to witness high growth, exhibiting CAGR of 8.6% over the forecast period 2023 to 2030, due to increasing development of new aircraft 







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